Free Tool
Step 1 — Set Your Timeline & Assumptions
Should You Buy or Rent?
Compare the true financial outcome of buying vs. renting over time — and see what your current rent could buy.
$
Used to calculate housing-to-income ratio
$
%
= $47,500
%
Stafford County default
%
Annual % of home value
%
%
$
$
Step 4 — Renter's Savings Assumption
Investor mode: The renter is assumed to invest the down payment on day one and invest any monthly savings (the difference between owning costs and renting costs) at the rate below. This is the most financially optimistic scenario for renting.
Results after 7 years
Buying
—
Est. net worth after selling
Renting
—
Invested savings + down payment
Monthly Mortgage P&I
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Total Cost Difference
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Net Worth Advantage
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Total Cost Breakdown — Buying vs. Renting
Buying — Total Costs
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Renting — Total Costs
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Down Pmt + Closing
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Rent Paid
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Mortgage Payments
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Investment Portfolio
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What Could Your Rent Payment Buy? — Purchase Estimate
Est. Purchase Price
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Rent as max P&I payment
Required Down Payment
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Est. Monthly PITI
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P&I + tax + insurance
Est. Loan Amount
—
Price minus down
Housing-to-Income
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Guideline: under 28%
Home Value in 7 Yrs
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At your appreciation rate
Calculating…
Ready to take the next step?
Whether you're buying or still renting, I can help you map out the right path in Northern Virginia.
Schedule a Free ConsultationThis calculator provides estimates for educational purposes only and does not constitute financial or legal advice. Figures assume simplified annual compounding. Consult a licensed mortgage or financial professional before making real estate decisions. © Regis Wells Real Estate · regiswells.com